You could ask;Tell me about yourself and watch their voluntary disclosures.Remind them you need references, a credit bureau and you will be making enquiries.You can ask for First and Last Month's Rent

No Key Money

No Security Deposits

No Cleaning Deposits

No 3, 4 or 6 months in advance because they are new to Canada. Any extra fees you charge they merely save the recipts and deduct them from month 11 ( since you have the last month on hand) You must pay interest on their deposit and document it.Because THEY [your prospective tenants] even if they agree, cannot be held to comply with what is illegal with the Landlord Tribunal; A Tenant application at the Tribunal will result in all of those deposits / charges being ordered refunded immediately.

Real Estate Investment - Condo Investment is so popular because it currently guarantees a 97.5% success rate. (Sheriff's evictions result in less than 2.5% of all rentals) There is no rent control on units constructed post 1991. Even at 25% down per unit; someone is paying your mortgage for you.Will there be fewer people living in Toronto in 20 years? Is 1% per year on your savings the return you need to retire?So.... What are we waiting for?http://BuyinginToronto.ca